ML: $2.10 CAD Target by End of OctoberFor those of you who are interested in the lithium surge and want to see a stock that I am quite interested in, I am looking at ML at the Toronto Stock Exchange as having potential for nice and sturdy growth. Right now, I think the bullish run should continue and if I were you, I would likely see how this may end up playing out as a long hold. Ofcourse, you can also mitigate risks by shortening and rebuying, but overall between now and the next upcoming quarter, I expect positive growth correlations. As always, proceed with caution. Invest at your own risk. Everything I say is on an opinion basis as always.
Stockpicks
5 Hot Penny Stocks Right Now5 penny stocks that I think are currently hot right now for a long hold are $ADOM, $SPCB, $MBIO, $MARK, and $ML. $ADOM I think will hit $1 quite soon given what has happened from the retracement of short sellers. $SPCB and $MARK got beaten up alot, should see the resistance break quite soon. $MBIO should retrace. $ML should surge given the EV surge. Right now, I'm mostly watching from the sidelines. As always, this is on an opinion based basis. Please proceed with caution or invest at your own risk.
ROKU's Next Level Target: $175 by End of AugustLots of indicators are going crazy with this one, and I seen the past wedges. Many people are also extra bullish given Netflix sentiment. I think realistically, Roku is expected to be on the positive trend level and that $175 by the end of August is a really sustainable and conservative goal. It may be quite high in the green today, but I think the party is just getting started for Roku. That being said, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis.
MAR right now is likely a dipFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. For those who sold off last high like the rest of the pros, congrats! Now it looks like Marriot is at the stock price of a dip, and lowest it can likely go may be $85, but I think it has been beat up quite a bit. I can expect this to likely be in a positive retracement pattern quite soon as it has not been historically that underwhelming. As always, this is on an opinion based basis and not meant to be taken seriously as actionable financial advice. Proceed with caution at your own risk.
SPCE: Level 2 Target is $20+Virgin Galactic is one of those interesting stocks to watch for a potential long hold. It retraced back towards the wedge target I have had in late April where many people shortened it before the dip. This means that since I was correct the first time, it is likely going to be close to a level 2 target where the next big positive wedge should start at the $20+ mark. Anyways, keep a close watch on this. As always, everything I say is on an opinion based basis and not meant to be taken seriously as actionable financial advice.
NVAX: Key Points to Look AtEarlier today, I put a target of at most $115 and later was convinced to do a sell off at $108. Many people thought this would go straight to $150+, but it looks like the positive wedge have peaked. Right now, I currently think the dip will likely be at the $90 price point, but an important factor to consider is closely monitoring movement at the $95 mark. The advanced decline ratio seems to be peaking, and the FIB retracement also showed that it was towards its high point in the morning for the current correlation trend. As always, invest in your own risk and proceed with caution. This is on an opinion based basis.
TSLA: Take Profits, and Wait for the Dip (Pre-Earnings) A recent statement of mind was, "looks like you should take profits and wait for this to dip towards $1150 at least before a potential next wedge retracement. Definitely a great stock long term, but don't want to hold when you can take profits and come back and make more profits. Just my opinion, invest in your own risk.". Right now, I think it is best to take the green, wait for it to do down quite a bit, and probably buy back at a dip prior to the July 22nd earnings call in order to maximize profits. I want to be wrong, but it looks like it reached a tipping point already for its current wedge . As always, this is on an opinion based basis and invest or sell at your own risk.
SHLL Could Retrace towards $35First off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I expect SHLL to have the resistance curve broken quite soon and when it does, a retracement should happen. I believe the next wedge correlation pattern is towards the $35 price point. Manipulation can be heavy w/ bear raiders or small/micro cap funds, this is especially given its market cap is only $672M. That being said, I am cautiously bullish.
$WKHS Should Retrace, Previous Downward Prediction$WKHS at a $20.15 price point, I said should drop to $17 and retrace to $30 . Right now it is $16.84, and the prediction I made was at $20.15. It dropped slightly more than expected, given many bearish riders, but I think most of that prediction should hold true. I predict the next target for a retracement could still be a breakout towards the $28, possibly $30 price point. That being said, invest at your own discretion. As always, please don't take any of what I say seriously or as financial advice. This is on an opinion based basis.
How Elon Musk Outsmarted Short SellersElon Musk as you could have recalled tweeted a while ago that "Tesla's price is too high imo", this caused a reaction in which short sellers broke off the resistance curve of Tesla early, allowing Tesla to smoothly go up past $1250 afterwards as a positive retracement reaction with barely any resistance. Many of us thought in May he was losing his mind , and personally I was still bullish. This TradingView user said it helped trigger the NASDAQ uptick rule, and others have also been dumbfounded on maybe this being strategic. That being said, since the market reacted to a natural mathematical pattern as a result of him saying his stock is "overpriced", technically Elon Musk can't be accused of any market manipulation. He played the SEC, short sellers, and the overly bearish investors like cats w/ a laser pointer. Maybe this was his plan all along. Elon Musk: 1, Short Sellers: 0.
TESLA: Earnings Expectancy is Postive + Covid19 Vaccine?Tesla (as I stated prior), seems to be a gift that keeps on giving. Elon Musk is meeting production quotas for Tesla, and now Tesla is even working on being manufacturing partners for Covid19 Vaccine drug makers. This may potentially be a first step into upgrading Tesla into either a large holding company or industrial conglomerate. Either way, it is definitely good news and reasons to be quite bullish on the future of the automaker (who now has alot of brand equity value as well). I am upgrading my level 2 target to be $1.5k by September. As always, this is on an opinion based basis and not meant to be taken as actionable financial advice. Pursue at your own risk.
$FMCI, $30 Target Post-MergerTwo traders brought my attention to FMCI. They are SuggMyStock and adamans . I been analyzing it alot on Stocktwits, looking at the sentiment analysis as well as the recent "ladder spikes". I also been trying to focus on recent correlations and the sentiment leading to the past breakout. Realistically, I think that $FMCI can hit a $30 target post-merger. I think this can be within a two to three week timeline. As always, this is on an opinion based basis and not meant to be taken as actionable financial advice. Pursue at your own risk.
TESLA: Elon Musk's Gift that Keeps on GivingTesla is one of those stocks I been bullish for a while. Looking at the past patterns, who wouldn't be? The next level 2 wedge target from its current price has now been upgraded to what I see likely an inevitable $1250 price target by September. Tesla have surpassed my expectations in the past, and I expect it to do so again. While I'm not a huge Elon Musk fan, you have to give the guy credit for being able to meet production quotas and targets for Tesla. Please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I'm still long on Tesla at this point.
Ralph Lauren long-term investing buy signalsRalph Lauren (RL) looks so tasty! Monthly chart: 20 years old(!) support line + divergence on RSI(14)
This Stock Is About to 10x ----- DO NOT MISS THIS OPPORTUNITY $$MartyBoots here . I have been trading the markets for 13 years and want to share my ideas with you
Do NOT MISS THIS
$MARK: Bullish Retracement/Bounce Back PotentialFirst off, please don't take anything I say seriously or as financial advice. As always, this is on an opinion based basis. That being said, I think that MARK was shortened out of a bullish run quite recently, and while they seem to be not too capital intensive for the business sector they are in, likely they are to receive continued positive support and the next wave cycle will continue.
